PE HUB Second Opinion

Trump removes chief strategist Stephen Bannon from National Security Council post.

After 130 years, General Electric wants out of the light bulb business. The sale of the business that once defined GE could fetch $500 million.

Beset by a decline in sales, Ralph Lauren Corp announced it would close its flagship store on New York’s Fifth Avenue; the company will refocus its ecommerce operations and cut an unspecified number of jobs.

Cendana Capital, which funds 15 top seed-stage groups, just raised $260 million across five funds.

YouTube officially launches YouTube TV in select markets.

Amazon acquires the right to buy a stake in fuel cell maker Plug Power.

More than half of Americans approve of Obamacare now, Gallup poll finds.

Netflix ditches 5-star rating system for thumbs-up and thumbs-down.

Justice Department may reopen Emmett Till case.

Photo: The logo of General Electric is pictured at the 26th World Gas Conference in Paris, France, June 2, 2015. Reuters/Benoit Tessier